The Fishery and Aquaculture Industry Research Fund is a funding scheme for industrial research and development work within fisheries and aquaculture, and is based on a levy of 0,3 percent on all exported fish and fish products. The funds shall be used for industrial R&D work for the benefit of all or part of the industry, and are distributed in the form of grants for research programmes and major projects. The levying of a research and development tax in the fisheries and aquaculture industry came into force on 1 January 2001.
The tax funds are administered by a Board appointed by the Norwegian Ministry of Fisheries and Coastal Affairs. Board members are representatives from the fisheries and aquaculture industry.
South Korea targets 4M tonnes of seafood production by 2030 South Korea
The five-year national plan focuses on boosting fisheries output, raising fishing household incomes, and expanding seafood exports while strengthening coastal communities.
South Korea has unveiled an...